NEW DELHI: Former IPL commissioner Lalit Modi has been found guilty of rigging bidding terms to favor two franchises during the auction of the Indian Premier League. The BCCI disciplinary committee in its 133-page report has held Modi guilty of misusing his power as IPL commissioner and arm-twisting bidding rules.

Modi was the IPL chairman-cum-commissionerduring the first three editions but was suspended immediately after the closing ceremony in 2010, on charges of financial irregularities in running of the league as well as improper practices during auction of two new teams before the third edition.

The BCCI is likely to impose a life ban on Modi on the basis of the exhaustive report filed by the disciplinary committee.